- Nifty continues to remain above MA(100) and now MA(100) has managed to cross MA(200) which is considered bullish
- McClellan Index has also managed to stay above EMA(59) and rising which is also bullish
What does it mean for our Investments?
- Mutual Funds - If still invested in equities then time to relax, as market has turned around. Continue SIP as market remains in strong bullish trend. If in cash/ FDs/ liquid funds then might be wise to wait for a pullback.
- Stocks - ONLY invest in strong patterns with good earnings guidance and DO NOT forget to have STOP LIMIT on open positions. Check out our trade size calculator to manage your risk.
Market in strong bullish trend but be cautious...